Swifty Corporation operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive.

(a) Calculate the missing amounts. 2020 2021 2022 Income Statement Data Sales revenue $96,390 $ Cost of goods sold (a) 27,5 Gross profit 66,810 58,7 Operating expenses 64,270 Net income $ (b) 3.4 Balance Sheet Data Inventory $12,750 $ (c) $15,0 Accounts payable 5,890 6,620 4,7 2022 2023 $ () $83,300 ). 27,560 26,340 58,750 (i) (f) 51,820 -) 3,440 $ () $15,030 $ (k) 4,780 ( (1) Additional Information Purchases of merchandise inventory on account $25,880 Cash payments to suppliers d) (d) (g) $23,880 (h) 24,450